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Economics for your Classroom fromEd Dolan’s Econ BlogUS Job Market Turns in Best Six-Month Run Since Recovery BeganAug 1, 2014 презентация
Содержание
- 1. Economics for your Classroom fromEd Dolan’s Econ BlogUS Job Market Turns in Best Six-Month Run Since Recovery BeganAug 1, 2014
- 2. Best Six-Month Job Gain Since Recovery Began
- 3. Month-by-Month Data The 209,000 job gain in
- 4. Unemployment Rate Up Slightly on Growth in
- 5. Broad vs. Standard Unemployment Rate The BLS
- 6. Long-term Unemployment Remains Near Low for Recovery
- 7. Involuntary Part-Time Work Resumes its Downward Trend
- 8. The Bottom Line: Prospects Look Good for
- 9. Click here to learn more about Ed
Best Six-Month Job Gain Since Recovery Began The 209,000 jobs added to the US economy in July, together with upward revisions for May and June, brought the six-month job gain to
Слайд 1Economics for your Classroom from Ed Dolan’s Econ Blog US Job Market Turns
in Best Six-Month Run Since
Recovery Began
Aug 1, 2014
Слайд 2Best Six-Month Job Gain Since Recovery Began
The 209,000 jobs added to
the US economy in July, together with upward revisions for May and June, brought the six-month job gain to 1,400,000
That made it the best six-month performance since the recovery began in mid-2009
That made it the best six-month performance since the recovery began in mid-2009
Aug 1, 2014 Ed Dolan’s Econ Blog
Слайд 3Month-by-Month Data
The 209,000 job gain in July was equal to the
average for the past year
Job gains for May and June were revised upward by a total of 15,000
198,000 of the new jobs were in the private sector, with both goods and services sharing the gains
Government added 11,000 jobs, all at the local level. Federal jobs were unchanged and state governments lost 1,000 jobs
Job gains for May and June were revised upward by a total of 15,000
198,000 of the new jobs were in the private sector, with both goods and services sharing the gains
Government added 11,000 jobs, all at the local level. Federal jobs were unchanged and state governments lost 1,000 jobs
Aug 1, 2014 Ed Dolan’s Econ Blog
Слайд 4Unemployment Rate Up Slightly on Growth in Labor Force
The US unemployment
rate rose slightly to 6.2 percent in July, just above its low for the recovery. The unemployment rate is the ratio of unemployed persons to the labor force.
The labor force grew by a strong 329,000, adding to gains in earlier months. The number of employed workers increased by 131,000 and the number of unemployed by 197,000
The unemployment rate is based on a monthly survey of households that differs in several respects from the employer survey on which payroll job data is based
The labor force grew by a strong 329,000, adding to gains in earlier months. The number of employed workers increased by 131,000 and the number of unemployed by 197,000
The unemployment rate is based on a monthly survey of households that differs in several respects from the employer survey on which payroll job data is based
Aug 1, 2014 Ed Dolan’s Econ Blog
Слайд 5Broad vs. Standard Unemployment Rate
The BLS also provides a broader measure
of job-market stress, U-6
The numerator of U-6 includes
Unemployed persons
Marginally attached persons who would like to work but are not looking because they think there are no jobs, or for personal reasons
Part-time workers who would prefer full-time work but can’t find it
The denominator includes the labor force plus the marginally attached
U-6 rose slightly to 12.2 percent in July, just above its low for the recovery
The numerator of U-6 includes
Unemployed persons
Marginally attached persons who would like to work but are not looking because they think there are no jobs, or for personal reasons
Part-time workers who would prefer full-time work but can’t find it
The denominator includes the labor force plus the marginally attached
U-6 rose slightly to 12.2 percent in July, just above its low for the recovery
Aug 1, 2014 Ed Dolan’s Econ Blog
Слайд 6Long-term Unemployment Remains Near Low for Recovery
The recession and slow recovery
have been characterized by unusually high levels of long-term unemployment
The share of unemployed out of work for 27 weeks or rose slightly to to 32.9 percent in June, remaining close to its low for the recovery
The mean duration of unemployment fell in July but the median duration increased
The share of unemployed out of work for 27 weeks or rose slightly to to 32.9 percent in June, remaining close to its low for the recovery
The mean duration of unemployment fell in July but the median duration increased
Aug 1, 2014 Ed Dolan’s Econ Blog
Слайд 7Involuntary Part-Time Work Resumes its Downward Trend
The percentage of the labor
force working part time for economic reasons (involuntary part-time work) decreased in July, resuming its general downward trend
Involuntary part-time work remains much higher than it was before the onset of the Great Recession
Involuntary part-time work remains much higher than it was before the onset of the Great Recession
Aug 1, 2014 Ed Dolan’s Econ Blog
Слайд 8The Bottom Line: Prospects Look Good for Q3
The July job market
report represents the first major data release for the third quarter of 2014
Coming on the heels of reported 4 percent GDP growth for Q2, prospects look good for continued growth in Q3
Coming on the heels of reported 4 percent GDP growth for Q2, prospects look good for continued growth in Q3
Aug 1, 2014 Ed Dolan’s Econ Blog
Слайд 9Click here to learn more about Ed Dolan’s Econ texts
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